Sirius XM reports strong subscriber additions

Reuters News
Posted: Jan 07, 2014 4:58 PM

(Reuters) - Sirius XM Holdings Inc said it added 1.66 million subscribers in 2013 to its satellite radio service that is popular in cars, exceeding its forecast of 1.6 million sign-ups.

The company, which stood by its 2014 revenue forecast of more than $4 billion, said it expects net subscriber additions of 1.25 million in the year.

Analysts were expecting revenue of $4.15 billion in 2014, according to Thomson Reuters I/B/E/S.

New York-based Sirius XM, controlled by John Malone's Liberty Media Corp, said it ended 2013 with 25.66 million subscribers, of which 21 million were paid subscribers.

Social Security Fails
John Stossel

(Reporting by Soham Chatterjee in Bangalore; Editing by Maju Samuel)